Credit One Visa Platinum Card Review
Is it time to apply for a credit card that will make a difference in your life? The Credit One Visa Platinum Card makes buying all your purchases easier. It also comes with benefits that will make your life simpler all year long. When you want credit and lots of it, this is the card for you.
The Card with Extra Buying Power
The Visa Platinum gives you more buying power than other similar credit cards. The way it does this is by giving you a larger credit line. Other cards may start you off with a few hundred dollars. That is hardly enough to buy the things that are important to you. With this card, you simply get more. Plus, the card provides monthly updates to the major credit bureaus. (See Cards Reporting Credit Explained)
As your credit improves, you become eligible for automatic increases to your credit line. These reviews to your account occur periodically. You will be notified if your credit line goes up. This gives you even more buying power than you previously had.
When you have buying power, it’s important you can make purchases where you want. Visa is accepted by more merchants around the world than any other card. This means you can pay for gas at the pump, make purchases online, book travel over the phone and make day to day purchases with merchants in person. Should you ever need cash, just use your card like a debit card for a cash advance. Your card will be accepted at millions of ATM machines around the globe.
Additional Features of the Credit One Visa Platinum
There’s more to the Visa Platinum than just the power of Visa. You can take advantage of many other benefits with the card in your wallet throughout the year. These perks include such things as:
- Fraud protection
- Travel insurance
- Damage waiver on rental cars
- Online account management
- Multiple card designs
Fraud protection ensures you don’t pay for purchases you didn’t make. You cannot guarantee that no one will ever gain access to your account. Hackers make their living off finding ways to gain access to credit card accounts. If your account is ever hacked or experiences any type of fraudulent activity, you notify the bank. All charges will be reversed, preventing you from the financial obligation of paying charges you didn’t authorize.
Travel accident insurance is provided. If you book travel with the card, it is provided for you. You are covered in the event of any accident, either to you or your travel plans. This compensation will cover hotels for delayed flights, cash for medical expenses and even compensation for clothes and sundries you had to purchase due to delayed or lost luggage.
Save money when you rent a car. The car just needs to be rented using the Visa in order for the benefit to be there. In the event of an accident, the auto rental collision damage waiver will prevent you from being financially responsible for the damages. You can also choose to refuse the waiver when the auto rental company tries to sell it to you because it’s a feature of your credit card.
Online account management is a feature of the card. When you want 24/7 access to your account, you can get it from anywhere that you have an internet connection, including your mobile phone. A username and password will create a secure connection. Then find your balance, available credit line and much more. See past transactions in detail, download your monthly statement and pay your bill online. This is convenience at your fingertips. Plus, you can reach out to customer service to have any questions about your account answered in a timely manner. Should you want to make a phone call instead, a toll free number is also associated with the card.
Card designs give you the opportunity to personalize your card. You can choose from a number of colors for your Platinum card. If there are multiple cardholders on the account, each of you can pick a different color. This provides you with a great looking card that matches your wallet, too.
When you’re ready to take advantage of more buying power than ever before, the Credit One Visa Platinum Card is within your reach. You can fill out the application within minutes and learn if you’ve been accepted seconds later. You can then start purchasing around the globe.
Credit One Bank Platinum Credit Card Review
When you want a credit card, you need to be picky about which one you apply for. The Credit One Bank Platinum Credit Card is packed with features. One of the biggest features is that it’s designed for those with fair credit, like yourself. It’s your chance to get credit without having the perfect credit score. (See Credit Score & Report Offers)
The Application Process
The application process for the Credit One Bank Platinum Credit Card is only going to take a few minutes. The entire thing is online. It will ask for some very basic personal information from you. This includes such things as your date of birth and social security number.
Once you submit the information, there will be a review process. This includes running your credit score and verifying that you are who you say you are. As long as there are no problems, you will receive a credit decision. On average, this process takes about one minute to complete.
Related: Instant Decision Cards
There will be a few offers made available to you, based on your personal information. Select the card and finish the application process. You will then be told of your approval and a card will be sent out in the mail. You can then activate the card and begin enjoying the benefits day after day.
It’s hard to get a credit card when you do not have good credit. With the card from Credit One Bank, you will be able to improve your credit again by proving that you are responsible. Credit score tracking is included with the card. This will allow you to log on and see how your credit is improving month after month.
There are automatic reviews for credit line increases. As long as you are paying your bill on time and you’re not spending too much money on the card each month, you’re proving that you’re financially responsible. As the bank reviews your account occasionally, you can enjoy the credit line increases. This will allow you to make larger purchases on credit. It will also help you to establish a higher credit score than what you have had in the past.
There are a lot of different benefits attached to the card. When you pay the annual fee, you can take advantage of many benefits all year long. The annual fee will hit the account on a monthly basis (See No Annual Fee Offers), helping to spread out the payments more effectively. You can then enjoy such things as:
- Fraud protection
- Visa purchasing power
- Online account management
- 24/7 customer service
Using your card in some areas can be dangerous. There are a lot of people online and off that have figured out how to access personal information. To avoid identity theft and fraudulent use of your card, your credit card will be monitored. Any time there is suspicious activity on the card, you will be notified. If at any time there is a charge that you didn’t authorize, you won’t be liable. Customer service will remove the charges and can even send you out a new card.
See Related: Identity Theft
You have the power of Visa in your wallet. This is the most widely accepted credit card in the world. You can use the card for groceries, at the gas pump, for purchases online and anywhere else that’s convenient for you. When you need cash, you can even visit the ATM machine.
Online account tools are at your fingertips. A username and password will be created, giving you 24/7 account access. Anywhere you have an internet connection, you can find out about your credit card balance, available credit and look up past transactions. To help with budgeting, your statement can be viewed or downloaded. You can also pay your bills online to save you time and the cost of a postage stamp.
When you have questions about your account, customer service is a phone call away. Representatives can be reached using a toll-free number. They can help you with questions about your account, the features of the card and help you with making credit card payments over the phone.
Applying for the Credit One Bank Platinum Credit Card card is very simple. You don’t have to worry about having the perfect credit score. With this card, you have the opportunity to start fresh. Plus with the Platinum aspect, you gain a number of benefits all year long just by having the card in your wallet.
Credit One Platinum Visa (Excellent Credit) Review
The Credit One Bank Platinum Visa (Excellent Credit) is a different type of credit card for those with excellent credit. It contains (a)travel benefits, (b) a high degree of buying power and offers a great deal of convenience to its cardholders in the way of (c) online account management and (d) 24/7 customer service.
One of the primary benefits of the card is the buying power that is given to the cardholder. The initial credit line is rather low, but it can be increased later after an automatic credit line increase review. This increase is not a mandatory increase, as Credit One gives cardholders the option to accept it, as there may be a fee associated with the credit line increase, but the benefits can far outweigh this fact.
But when you first apply for the card, you will find that the application process is very easy. You become pre-qualified to fill out a long application on the website. Because this is an instant decision card, you will receive a decision rather quickly. It is rare that a decision is not provided immediately. If it isn’t, more time may need to be given for consideration. Cardholders can check the status of their application on the Credit One website If that is the case. If the card is denied, Credit One will send a letter stating why.
Some individuals may consider the APR to be high, but this is a rate that is typical for cardholders holding a good credit rating as opposed to an excellent credit rating. Elite pricing isn’t typically included in this particular market, but there are some things that Credit One does that make the card a good credit investment for those individuals with excellent credit.
The APR is typical of the card type, but it is variable. This means the rate can change based on market conditions, creditworthiness, and a number of other factors. This is important to know, as it will affect monthly payments. It is also important to know that variable APRs are typical with credit cards. It should be noted that the purchase APR and the cash advance APR are typically the same with the cash advance APR being accompanied by a cash advance fee.
If payments are made late, Credit One does reserve the right to raise the APR. Whether they lower the APR after the account remains in good standing for a specific amount of time is up to their discretion.
Speaking of fees, it is important to understand what incurs fees. As for how those fees happen, it depends upon what you are doing with the card. When the account is opened, there is an automatic annual fee billed to the card, which means the available credit reduces by that amount. It is only billed in full the first year. In the second year, the fee increases but it is billed in monthly installments rather than all at once. This is a way in which Credit One works to keep available credit on the card. Rather than billing the annual fee in full every year and consuming what available credit is on the card, they only bill a small amount per month.
Another fee is the late fee. If the payment is made late, the late fee is going to be assessed to the account. There is no over-the-limit fee because the card cannot go over its limit and Credit One will not allow their fees to incur another fee. The last fee, other than the cash advance fee previously mentioned, is the returned check fee. If payment is made by paper or electronic check and it bounces, the returned check fee is assessed to the account.
There are a number of perks to this credit card, which is not typical of a card that doesn’t cater to cardholders with excellent credit. (a) The first benefit is the $0 fraud liability. This benefit means that you do not have to pay for fraudulent charges on the card. If the card is lost or stolen, those charges are reimbursed. There are even instances when card details can be taken online. Regardless, proof of fraud means that the account holder doesn’t have to pay.
(b) The second benefit is that a rental car charged to the card is subject to the Auto Rental Collision Damage Waiver. This means that you have added protection when renting a rental care. If in an accident, then that is more coverage that you have protecting your wallet. Factor in the travel accident insurance when transit tickets are charged to the card and you have to protections that are typically seen on a card for people with excellent credit.
(c) The last perk is the Payment Protection Plan, which is a plan that protects individuals who may be facing a hardship that renders them unable to make their payments. Illness and unemployment are qualifying hardships.
Customer service can be considered a benefit because it is very helpful in receiving answers to specific questions, responding to credit line increase offers, and more. But just like with the 24/7 customer service, you have online access to the website any time you need to access it from anywhere. You can make payments, review transactions, look at your statements, check your balance, check available credit, and take advantage of a number of tools on the website that are designed to help you put your credit into perspective. You have a full suite of account tools that allow you to effectively manage your account and keep it in check at your convenience and from the privacy of your computer.
The Credit One Bank Platinum Visa (Excellent Credit) is a credit card for cardholders with excellent credit that contains perks that are not typical of credit cards within its class. Through travel benefits, payment protection, fraud protection, and automatic credit line increase reviews, it is a card that treats the cardholder the way they want to be treated.